Consider a Perfectly Competitive Firm When Its Industry Is in Long-Run

Multiple Choice

Consider a perfectly competitive firm when its industry is in long-run equilibrium.Which of the following statements is correct?

A) The firm has successfully differentiated its product.
B) The firm has successfully established barriers to entry.
C) The firm has a strong profit incentive to expand capacity.
D) The firm has no ability to affect its product's price.
E) The firm is earning positive economic profits.